Exercise 1: (20 points: 5 each) Prepare a journal entry for each of the following transactions. a) Corporation issues 20,000 common shares for $16.5 cash the share. b) Corporation issues 10,000 shares of $10, noncumulative preferred shares for $110 cash per share. c) Received a building with a market value of $160,000 and issued 6,400 common shares in exchange. d) prepare the entry to close income summary account knowing that the corporation made a net income profit for the current year of $224,000. Show your calculations - no need for explanations for entries